Parallel Fund Iv L.P. Ah Sells 112,380 Shares of Samsara Inc. (NYSE:IOT) Stock

Samsara Inc. (NYSE:IOT) major shareholder Parallel Fund Iv L.P. Ah sold 112,380 shares of Samsara stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $45.92, for a total transaction of $5,160,489.60. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

Samsara Stock Performance

IOT opened at $46.44 on Friday. The stock has a market capitalization of $25.84 billion, a price-to-earnings ratio of -98.81 and a beta of 1.53. The company has a fifty day moving average of $50.49 and a 200 day moving average of $42.60. Samsara Inc. has a fifty-two week low of $27.14 and a fifty-two week high of $57.51.

Institutional Trading of Samsara

Several hedge funds have recently made changes to their positions in IOT. Continuum Advisory LLC raised its stake in shares of Samsara by 39.1% in the third quarter. Continuum Advisory LLC now owns 879 shares of the company’s stock valued at $45,000 after acquiring an additional 247 shares during the period. Private Trust Co. NA raised its stake in Samsara by 19.2% in the third quarter. Private Trust Co. NA now owns 1,550 shares of the company’s stock worth $75,000 after buying an additional 250 shares in the last quarter. Assenagon Asset Management S.A. boosted its position in Samsara by 3.5% during the third quarter. Assenagon Asset Management S.A. now owns 9,001 shares of the company’s stock valued at $433,000 after purchasing an additional 304 shares in the last quarter. Wellington Management Group LLP grew its position in shares of Samsara by 5.1% in the 3rd quarter. Wellington Management Group LLP now owns 7,959 shares of the company’s stock worth $383,000 after buying an additional 388 shares during the last quarter. Finally, UMB Bank n.a. increased its position in shares of Samsara by 69.1% during the third quarter. UMB Bank n.a. now owns 1,023 shares of the company’s stock worth $49,000 after purchasing an additional 418 shares in the last quarter. 89.39% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the company. BNP Paribas assumed coverage on Samsara in a report on Tuesday, October 8th. They set a “neutral” rating and a $46.00 price objective on the stock. Truist Financial boosted their price objective on shares of Samsara from $40.00 to $50.00 and gave the stock a “hold” rating in a report on Monday, November 18th. Craig Hallum assumed coverage on shares of Samsara in a report on Tuesday, October 22nd. They set a “hold” rating and a $48.00 target price on the stock. Wells Fargo & Company boosted their price target on shares of Samsara from $46.00 to $55.00 and gave the stock an “overweight” rating in a research note on Friday, December 6th. Finally, Morgan Stanley raised their price objective on Samsara from $40.00 to $52.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 20th. Nine analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, Samsara presently has a consensus rating of “Hold” and a consensus target price of $51.29.

Samsara Company Profile

Samsara Inc provides solutions that connects physical operations data to its connected operations cloud in the United States and internationally. The company's Connected Operations Cloud includes Data Platform, which ingests, aggregates, and enriches data from its IoT devices and has embedded capabilities for AI, workflows and analytics, alerts, API connections, and data security and privacy.